- EVage builds commercial EVs, completely aligned to Indian Prime Minister Narendra Modi’s Atma Nirbhar (Self-Reliance) Program
- EVage designs and manufactures India’s first ‘Exoskeleton Structure’, a purpose-built EV platform for commercial vehicles
- EVage will launch delivery vehicle for commerce applications in 2020
New Delhi, NFAPost: EVage, a mobility tech startup conceptualised in 2014, raised an undisclosed amount from Ola Electric Co-Founder and Senior Advisor Anand Shah along with BryAir Director Varun Pahwa, and DMI Group partner Anmol Nayyar.
The EV startup was founded with the endeavour to disrupt the mobility industry. EVAge’s first product is in the 4 wheeler commercial vehicle segment. It currently employs around 30 people at its research and development centre is located in Mohal.
According to sources familiar with the development, the funding will help tech startup EVage to launch their first Electric Delivery Van on a completely ‘Made in India’ structure.
Commenting on the development, Ola Electric Co-Founder and Senior Advisor Anand Shah said India is poised to be a major market for electric vehicles, starting with heavy users who depend on vehicles for their businesses and livelihoods.
“EVage has spent several years developing innovations that make it easier to manufacture and deploy commercial electric vehicles. I am excited to support their capable team as they bring transformative new vehicles to the logistics market,” said Ola Electric Co-Founder and Senior Advisor Anand Shah.
EVage’s team of experts from Aerospace, Automotive Design, and Battery Manufacturing industries are focused on addressing the specific mobility needs of India’s rapidly growing logistics and e-commerce segments.
EVage in line with PM Modi’s vision of ‘Made in India, Made for World’ is set to disrupt the logistics sector with the upcoming launch of their four wheeler Electric Delivery Van.
Sharing the organisational vision, EVage Founder and CEO Inderveer Singh said the company is working hard to make it easy for vehicle-dependent businesses to leverage clean mobility with purpose-built products.
“It is our privilege to have a visionary in the EV and mobility industry – Anand Shah guiding us in this journey of ours. His experience with Ola Electric, BMW and Audi will only strengthen our long-term vision to make logistics efficient for our customers and promote clean transportation,” said EVage Founder and CEO Inderveer Singh.
The funds will be used to build vehicles and deliver initial orders to EVage’s customers. In these last 5 years of R&D, EVage has redefined the way vehicles are built, they have designed EVs like one would look at manufacturing aerospace structures, which is the key differentiator in EVage’s approach towards building a ‘new-age’ automobile company.